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☆ Apple accused of breaking new EU tech rules
▼ + stars: | 2024-06-24 | by ( Anna Cooban | ) edition.cnn.com time to read: 1 min

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☆ European Union regulators accuse Apple of breaching the bloc's tech rules
▼ + stars: | 2024-06-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the EU's executive arm, also said it had opened a new probe into Apple into new contractual terms with developers. Under the DMA, tech firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store. The regulators also said that the fees Apple charges developers for the initial acquisition of new customers via the App Store "go beyond what is strictly necessary." The steering rules were also a focus in that investigation.

Persons: Apple Organizations: Nurphoto, Getty, Apple, European Commission, EU, Digital Markets, Big Tech, CNBC, Commission, Regulators Locations: U.S

☆ Barcelona plans to ban short-term rentals, hitting the owners of 10,000 apartments
▼ + stars: | 2024-06-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewBarcelona plans to end short-term rentals after complaints that tourism has priced locals out of the housing market. "Tourist apartments represent just 0.77% of Barcelona's housing stock," Enrique Alcantara, president of the Barcelona Tourist Apartments Association, told media after the announcement. AdvertisementGlobal short-term rental restrictionsOther cities are similarly eyeing short-term rental restrictions to manage skyrocketing housing costs in what's been deemed the "Airbnb effect." Cities including Vancouver, Tokyo, London, Amsterdam, and Paris have all placed restrictions on the short-term rental market. Some Southeast Asian countries have banned short-term rentals completely.

Persons: —, Jaume Collboni, Collboni, Airbnb, Damià Calvet, Calvet, Enrique Alcantara Organizations: Service, Business, Spanish, Government, EU, Barcelona Tourist Apartments Association, Estate Economics Locations: Barcelona, Spanish, Madrid, what's, Irvine , California, New York City, Cities, Vancouver, Tokyo, London, Amsterdam, Paris, Singapore, Thailand, Irvine

☆ Southeast Asia is a top choice for firms diversifying supply chains amid U.S.-China tensions
▼ + stars: | 2024-06-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

Skyline, Ho Chi Minh City, Vietnam John Harper | Photodisc | Getty ImagesSoutheast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing. "Southeast Asia is well-placed to benefit significantly from the China+1 phenomenon as both foreign and Chinese companies diversify their supply chains and operations," said Kuo-Yi Lim, co-founder and managing partner of Southeast Asian venture capital firm Monk's Hill Ventures. "The ASEAN-6 region has benefited from a diversification of global and regional supply chain as well as the adoption of 'China+1' strategies. MalaysiaMalaysia has seen semiconductor firms including Intel, GlobalFoundries and Infineon setting up or expanding operations in the country over the last few years amid U.S.-China tensions. Chinese electric vehicle maker BYD plans to start commercial production of EVs in Indonesia in 2026, according to local reports.

Persons: Vietnam John Harper, Kuo, Yi Lim, Lim, Yinglan Tan, Kai Wei Ang, CNBC's, It's, Ang, Anders C, Johansson, –, Sokon – Organizations: Photodisc, Getty, Monk's Hill Ventures, ASEAN, Hong Kong SAR, Apple, Ventures Partners, Samsung, BofA Securities, Intel, GlobalFoundries, Infineon, U.S, Monk's Hill Ventures . Industry, Malaysia that's, Stockholm China Economic Research, Stockholm School of Economics, Chery, Singapore Locations: Chi Minh City, Vietnam, Asia, China, Washington, Beijing, Monk's, Indonesia, Malaysia, Philippines, Thailand, Singapore, U.S, Japan, European Union, China & Hong Kong, Hong Kong, Vietnam Vietnam, ASEAN, Malaysia Malaysia, Stockholm China, EVs

☆ Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs
▼ + stars: | 2024-06-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .

Persons: —, VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago

☆ Apple is a bully with too much power in the markets, says Palantir co-founder Joe Lonsdale
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is a bully with too much power in the markets, says Palantir co-founder Joe LonsdaleJoe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss Apple's monopoly power in the app store, news of EU regulators accusing Apple of breaching the bloc’s tech rules, state of the 2024 race, and more.

Persons: Palantir, Joe Lonsdale Joe Lonsdale Organizations: Apple Locations: 8VC

☆ EU and China set for talks on planned electric vehicle tariffs
▼ + stars: | 2024-06-23 | by ( ) www.cnbc.com time to read: +5 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China. The minister had said earlier on Saturday that the European Union's door was open for discussions regarding EU tariffs on Chinese exports. Proposed EU tariffs on Chinese goods are not a "punishment", Habeck told Chinese officials earlier in Beijing. Proposed EU duties on Chinese-made EVs would hurt both sides, Zheng added.

Persons: Robert Habeck, Valdis, Wang Wentao, Habeck, Habeck's, Zheng Shanjie, Zheng, Valdis Dombrovskis Organizations: Afp, Getty Images, European Union, Germany's, EU, European Commission, Russia, National, Reform Commission, Chinese Commerce, EU Trade Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Getty Images China, Shanghai, Beijing, Brussels, Berlin, Ukraine, Russia, Europe, U.S, Brazil, Turkey, Germany

☆ Ukraine needs to stop fighting the war Russia wants
▼ + stars: | 2024-06-23 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Build up Ukrainian military power and compel Russia to agree to peace, argues a Ukrainian security expert. It's also clear that even with robust EU and US support, Ukraine is still at a disadvantage against the Russian war machine in a years-long fight. Related storiesDanylyuk also worries that political divergences between Ukraine and its allies are undermining Ukrainian military effectiveness. REUTERS/Sofiia GatilovaThe result is that the Ukrainian military isn't sure what kind of war to prepare for. Interestingly, Danylyuk blames the West for failing to adapt its equipment to the lessons of the Ukraine war.

Persons: Oleksandr Danylyuk, Danylyuk, Carl von Clausewitz, Biden, It's, Ukraine's, Michael Peck Organizations: Service, Business, Royal United Services Institute, Century, [ Armed Forces, REUTERS, Ukrainian, Russian, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, USSR, British, Europe, Ukrainian, Kostiantynivka, Donetsk, Crimea, Soviet, Afghanistan, Russian, Moscow, China, North Korea, Iran, Forbes

☆ Can Keir Starmer give Britain the change it desperately wants?
▼ + stars: | 2024-06-23 | by ( Luke Mcgee | ) edition.cnn.com time to read: +10 min

Barring a major shock, Labour leader Keir Starmer will be the person walking through the famous black door of 10 Downing Street in less than three weeks’ time. His parents were political, naming their eldest after the first Labour leader in parliament, Keir Hardie. “He’s the first Labour leader in a generation to talk about class and snobbery,” Tom Baldwin, author of “Keir Starmer: The Biography,” told CNN. Jeremy Corbyn, then the Labour leader, made Starmer his Brexit chief following the 2016 referendum. Starmer, left, and then-Labour leader Jeremy Corbyn talk to the media at the EU Commission headquarters on March 21, 2019 in Brussels, Belgium.

Persons: Rishi Sunak, Conservative Party –, –, Keir Starmer, Starmer, John Stillwell, Keir Hardie, “, ” Tom Baldwin, “ Keir Starmer, ”, …, ” Baldwin, Jeremy Corbyn, Corbyn, Osama bin Laden, Thierry Monasse, Boris Johnson, James Schneider, Dominic Grieve, ” Grieve, Grieve, ” Starmer, Stefan Rousseau Organizations: CNN, Conservative Party, Labour Party, Labour, Downing, Great, Great British Energy, European Union, Public Prosecutions, Crown, Service of, Wales –, University of Leeds, University of Oxford, NATO, EU, Conservative, Conservatives Locations: Britain, Great British, Service of England, London, Brussels, Belgium, Lancing, West Sussex

☆ EU tariffs on China not a 'punishment,' says German economy minister
▼ + stars: | 2024-06-22 | by ( ) www.cnbc.com time to read: 1 min

Proposed European Union tariffs on Chinese goods are not a "punishment," Germany's Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday. Habeck's visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers excessive subsidies. China warned on Friday ahead of his arrival that escalating frictions with the EU over EVs could trigger a trade war. "It is important to understand that these are not punitive tariffs," Habeck said in the first plenary session of a climate and transformation dialogue. Countries such as the U.S., Brazil and Turkey have used punitive tariffs, but not the EU, the economy minister said.

Persons: Robert Habeck, Habeck's, Habeck Organizations: EU Locations: Beijing, China, Brussels, U.S, Brazil, Turkey, Europe

☆ Front-line NATO allies are facing an unconventional Russian threat short of war but still quite dangerous
▼ + stars: | 2024-06-22 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +6 min

"There are hybrid threats. NATO has also cautioned against intensifying Russian hybrid warfare in the region and in the rest of Europe that could include "disinformation, sabotage, acts of violence, cyber and electronic interference, and other hybrid operations." The murky nature of hybrid warfare can make it hard to identify and address potential threats. Yet, the Baltic countries are prioritizing hybrid threats and fortifying their institutions in response. And last week, writing alongside his Polish and Czech colleagues, Latvian President Edgars Rinkēvičs expressed "deep concern" over Russian hybrid threats.

Persons: —, Denmark –, Margus Tsahkna, Maria Zakharova, Ukraine Volodymyr Zelenskyi, Gitanas Nausėda, Yan Dobronosov, Dmitry Petrov, Gabrielius Landsbergis, Landsbergis, –, Vladimir Putin, Mikhail Svetlov, Edgars Rinkēvičs Organizations: Service, West, NATO, EU, Business, Estonian, Russian Foreign Ministry, Getty, Kremlin, Lithuanian, Destabilization, 76th Guards Air Assault Division, Alliance Locations: Latvia, Lithuania, Estonia, Russia, Ukraine, Denmark, Kyiv, Moscow, Baltics, Belarus, Soviet Union, Russian, crosshairs, Europe, Baltic, Finland, Narva, Tallinn, Vilnius, Poland, Pskov, Crimea, Tellingly, Czech, Latvian

☆ How Chinese EV makers are slowly taking over the world
▼ + stars: | 2024-06-22 | by ( Tom Carter | ) www.businessinsider.com time to read: +14 min

Chinese carmakers accounted for 88% of the EV market in Brazil and 70% in Thailand in Q1, according to ABI Research figures. The EV markets in many of these countries are small now, but they're growing rapidly. This is because Chinese automakers are known for their ability to build electric cars for less than their foreign competitors. Australian Senator and shadow cyber-security minister James Paterson said earlier this year that Chinese EVs pose a growing cybersecurity risk. "India is still a little wary of the Chinese market," said Dylan Khoo, an analyst at ABI Research.

Persons: —, BYD, Joe Biden, Bill Russo, Susan Walsh Sam Fiorani, Luiz Inácio Lula da Silva, São Paulo, Luiz Inacio Lula da Silva, Marcel Martin, Katherine Tai, Elon Musk, SONNY TUMBELAKA, They're, Automobility, Tesla, John Keeble, James Paterson, Fiorani, Indranil Aditya, Dylan Khoo, Warren Buffett, Xpeng, William Li, HECTOR RETAMAL, America's, Russo, WuYuan Organizations: Service, Detroit, EV, Business, Research, Ford, Toyota, Volkswagen, EU, AP, AutoForecast Solutions, Brazilian Electric Vehicle Association, Great Wall Motors, Anadolu Agency, Getty, International Council, Clean Transportation, Chery, Total, China Passenger Car Association, Reuters, Honda, Mitsubishi, International Energy Agency, Federal, of Automotive Industries, SAIC, AutoForecast, BYD, SAIC Motors, India's, ABI Research, Union Locations: Camaçari, Brazilian, Bahia, Brazil, Mexico, Southeast Asia, Europe, Thailand, China, Shanghai, EU, São, Johannesburg, South Africa, Southeast Asia Southeast Asia, Malaysia, Vietnam, Indonesia, Indonesia's West Java, Philippines, Australia, Hangzhou, Queensland, India India, India, Europe Europe, Hungary, France, Spain, Portugal, South Korea

☆ UK’s Nigel Farage sparks outrage from political opponents after saying West ‘provoked’ Ukraine war
▼ + stars: | 2024-06-22 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +2 min

CNN —Nigel Farage, a figurehead of the UK’s populist right, has sparked outrage from political opponents after saying the West “provoked” Russia’s invasion of Ukraine. “We’ve provoked this war – of course it’s his fault – he’s used what we’ve done as an excuse,” he said. Farage – a former EU parliamentarian – claimed to be “the only person in British politics” to predict the invasion of Ukraine. “I am one of the few figures that have been consistent & honest about the war with Russia,” he wrote. He added that Farage has “shown that he would rather lick Vladimir Putin’s boot than stand up for the people of Ukraine.”

Persons: Nigel Farage, ”, Farage –, Brexit –, Farage, Putin, Nick Robinson, “ We’ve, –, “, “ Putin, Rishi Sunak, ” James, Ben Wallace, John Healey, Vladimir Organizations: CNN, BBC, NATO, European Union, ”, Conservative, Labour Locations: Ukraine, Brexit, EU, Russia, ”

☆ China tariffs on EU gas-powered cars would harm major luxury brands, advisory firm says
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina tariffs on EU gas-powered cars would harm major luxury brands, advisory firm saysTu Le, founder and managing director of Sino Auto Insights, discusses potential Chinese tariffs on European gas-powered cars and the brands most at risk.

Persons: Tu Le Organizations: Sino

☆ Human rights lawyer to political reformer: Who is Keir Starmer, the UK's new would-be prime minister
▼ + stars: | 2024-06-21 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Labour Party leader Sir Keir Starmer speaks ahead of the U.K.'s general election on July 4, 2024. The left-of-center opposition party retains a commanding lead of around 20 points over current Prime Minister Rishi Sunak's Conservatives, according to the latest YouGov poll. But who is Keir Starmer — Labour's leader and the clear favorite to become prime minister after Britain's July 4 election? Starmer also served as a human rights adviser during former Labour Prime Minister Tony Blair's Northern Ireland Good Friday Agreement. Labour leader Keir Starmer takes a selfie with students after a campaign event at Three Counties Medical School on May 29, 2024.

Persons: Sir Keir Starmer, Anthony Devlin, Rishi Sunak's, Nigel Farage's, Keir Starmer —, Starmer, Margaret Thatcher's, Tony Blair's, Jeremy Corbyn, Keir Starmer, Christopher Furlong Organizations: Labour Party, Getty, Conservative, Britain's Labour Party, Labour, Conservatives, British, National Health Service, University of Leeds, University of Oxford, Shell, Tony Blair's Northern, Service, Counties Medical School, Wealth Fund Locations: London, England, Victoria, EU, Britain

☆ China has spent at least $230 billion to build its EV industry, new study finds
▼ + stars: | 2024-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis published Thursday by the U.S.-based Center for Strategic and International Studies. Last month, the U.S. announced it was raising duties on imports of Chinese electric vehicles to 100%. There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough. But he also noted that the U.S. has not created conditions that are as attractive as China's for developing its own electric car industry. "There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough," he said.

Persons: Scott Kennedy, Kennedy, Tesla Organizations: Workers, SAIC, GM, Future Publishing, Getty, Strategic, International Studies, CSIS, U.S, Ministry of Finance, Bank of America, Western, EV Locations: Qingdao, Shandong, BEIJING, China, U.S

☆ Apple Intelligence won't launch in EU in 2024 due to antitrust regulation, company says
▼ + stars: | 2024-06-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. Apple said Friday it won't release three recently announced features, including its flagship "Apple Intelligence" AI product, in the European Union in 2024 due to "regulatory uncertainties" stemming from the bloc's Digital Markets Act antitrust regulation. Apple Intelligence can proofread writing or even rewrite it in a friendly or professional tone. Apple saw 2023 net sales of $94.3 billion in Europe, just under a quarter of its worldwide net sales. Apple Intelligence also won't be available in Greater China, which accounted for $72.6 billion of its 2023 sales.

Persons: Tim Cook, Apple Organizations: Apple Inc, Apple Worldwide, Apple, Apple Intelligence, European Union, bloc's, EU, Microsoft, OpenAI, European Locations: Cupertino , California, Europe, Greater China

☆ WSJ's Greg Ip on the economic impact of upcoming French elections
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Greg Ip on the economic impact of upcoming French electionsGreg Ip, Wall Street Journal deputy economics editor and chief economics commentator, joins 'Squawk Box' to discuss the upcoming French elections, impact on the future of EU, euro and France, and more.

Persons: Greg Ip Organizations: Wall Street, EU Locations: France

And what everyone sort of expected to happen seems to be roughly what’s happening, which is that the populist right has consolidated a lot of support. So that’s sort of three-dimensional chess of one sort. That gets at the definition of populism, right? michelle cottleYeah, so but that kind of then lends itself to a backlash when you feel like things aren’t going right. carlos lozadaWell, I mean —ross douthatI think that’s all sincere.

Persons: lydia polgreen Ross, carlos lozada, lydia polgreen, michelle cottle, carlos lozada That’s, lydia polgreen That’s, Lydia Polgreen, michelle cottle I’m Michelle Cottle, ross douthat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, We’ve, Ross, michelle cottle Woo, — ross douthat, lydia polgreen —, I’m, ross, — michelle cottle, ross douthat —, ross douthat, Emmanuel Macron, Macron, Silvio Berlusconi, Giorgia, Meloni, Brexit, It’s, populists, ”, Lozada, it’s, don’t, we’ll, that’s, we’ve, JD Vance, He’s, — carlos lozada, polgreen, Trumpist, who’s, Vance, we’re, Trump, — michelle cottle Woo, carlos lozada —, —, decries, — ross, won’t, carlos lozada Well, carlos lozada Don’t, Don’t, it’s — michelle cottle, I’ve, Trumpism, Donald Trump, michelle cottle Huey Long, Carlos, William Jennings Bryan, Michelle, Huey Long, George Wallace, Ross Perot, Pat Buchanan, Bernie Sanders, you’ve, Charles Coughlin, Richard Nixon, Ronald Reagan, Biden, unquote, nobody’s, he’s, JD Vance don’t, Robert Penn, Warren, Long, lydia polgreen Wow, ross douthat — Carlos Lozada, George Packer, lydia polgreen Go, carlos lozada Oh, that’s — carlos lozada —, lydia polgreen We’ll, carlos lozada It’s, lydia polgreen It’s Organizations: “ New York, Trump, Tories, National Health Service, Republican, Social Security, Republican Party, Chamber of Commerce, “ Times, Aspen Ideas, Nebraska Democrat, Tea Party, Occupy, Belt, Star Locations: “, Europe, France, United States, Italy, United Kingdom, South, British, Ohio, Middletown , Ohio, America, Sun Valley, Middletown, Louisiana, Alabama, China, Connecticut, Belt America, Florida , Texas, California, American, Texas, Mexico, Arizona

☆ Two beluga whales evacuated from Ukraine arrive in Spain
▼ + stars: | 2024-06-20 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Two beluga whales have been rescued from the besieged city of Kharkiv in Ukraine and taken to an aquarium in Valencia, Spain, in a complex operation. A multinational team involving marine mammal care experts from Oceanogràfic de Valencia, the largest oceanarium in Europe; Georgia Aquarium in Atlanta; and SeaWorld were involved in the high-risk journey. The pair of belugas – a 15-year-old male named Plombir and a 14-year-old female called Miranda – arrived in “delicate health” Tuesday evening after a “grueling journey,” according to Georgia Aquarium. “The city is facing increasing threat from artillery fire, which has intensified in recent weeks, with bombs dropping within a few hundred meters of the aquarium,” Georgia Aquarium said in a press release. The journey began Monday when the team first removed the whales from Ukraine’s NEMO Dolphinarium and drove them 12 hours from Kharkiv to Odesa.

Persons: Oceanogràfic de, Miranda –, Ukraine’s NEMO Dolphinarium, “, ”, Keith Yip Organizations: CNN, Oceanogràfic, Georgia Aquarium, SeaWorld Locations: Kharkiv, Ukraine, Valencia, Spain, Oceanogràfic de Valencia, Europe, Georgia, Atlanta, Ukraine’s, Russia, Russian, Odesa, Moldova, Moldovan, Chisinau

☆ Irish millennials and Gen Zers are being hit hard by the housing crisis. Many more are moving back in with their parents.
▼ + stars: | 2024-06-20 | by ( Eliza Relman | ) www.businessinsider.com time to read: +1 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHousing has become so unaffordable in Ireland that younger people are increasingly moving back in with their parents — or never leaving their childhood homes, to begin with. According to the 2022 Irish census, 41% of people between 18 and 34 years old lived with their parents — a nearly 10% increase from about a decade ago. Among 30-year-olds, 20% were living with their parents in 2022 — a jump from the 13% who were in 2011. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business Locations: Ireland

☆ Chinese tariff retaliation a real threat to EU automakers, analyst says
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese tariff retaliation a real threat to EU automakers, analyst saysMaite Bezerra, a principal analyst for automotive at Informa, discusses the electric vehicle market in Europe.

Persons: Maite Bezerra Organizations: EU Locations: Europe

☆ Germany and Italy are the biggest climate laggards in Europe, study finds
▼ + stars: | 2024-06-20 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +1 min

The European Union risks missing its 2030 climate goals, with Germany and Italy lagging behind. The two countries may have to spend €15 billion on carbon credits to comply with a climate law. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe European Union is at risk of missing its ambitious climate goals for 2030, and Germany and Italy are largely to blame.

Persons: — Organizations: EU, Service, Business Locations: Germany, Italy

☆ Why Hezbollah is threatening this tiny European country
▼ + stars: | 2024-06-20 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

An island in the Eastern Mediterranean located on a geopolitical fault line between the Middle East and southern Europe, Cyprus is geographically much closer to the conflicts in the Middle East than it is to European power centers. The island has previously been caught in the crossfire of regional conflicts, a reminder of its proximity to the volatile Middle East. It would mean that an EU country is, for the first time, directly involved in an expanded Gaza war. “It is normal for both Israel and Hezbollah to have military plans in place for handling a potential escalation. “The US also does not want to find itself in another Middle East quagmire, especially with presidential elections looming.”

Persons: Hassan Nasrallah, ”, Nikos Christodoulides, Israel, Constantinos Kombos, Eli Cohen, Stavros Ioannides, PIO, Christodoulides, “, Yiannis Kourtoglou, ” Mohammad Ali Shabani, Amwaj.media, ” Lina Khatib, ” Khatib, Biden Organizations: CNN, Lebanese, Union, Israel, The, NATO, Israel Defense Forces, IDF, Cypriot, Reuters, Spanish, European Union, North Africa, Chatham House Locations: Cyprus, Israel, “ Cyprus, Iran, Lebanon, Gaza, East, Europe, European, Delaware, Republic of Cyprus, Turkish, Turkish Republic of Northern Cyprus, Greece, Turkey, The Republic of Cyprus, Nicosia, Tel Aviv, Larnaca, ”, EU, UAE, Russian, Syria, London, Haifa, “

☆ Israel-Hamas war: Why Hezbollah is threatening Cyprus
▼ + stars: | 2024-06-20 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

While experts say war between Israel and Hezbollah remains unlikely, the very mention of Cyprus adds a new dimension to the Israel-Hamas conflict in Gaza. Stavros Ioannides/PIO/ReutersWhat has Cyprus’ role been in the Gaza war? Cyprus has been keen to dispel any suggestions that it is implicated in the Gaza war, noting its humanitarian efforts that helped bring some aid into Gaza. It would mean that an EU country is, for the first time, directly involved in an expanded Gaza war. “The US also does not want to find itself in another Middle East quagmire, especially with presidential elections looming.”

Persons: Hassan Nasrallah, ”, Nikos Christodoulides, ” Peter Stano, Abdallah Bou Habib, Constantinos Kombos, Lebanon’s, Israel, “, Eli Cohen, Stavros Ioannides, PIO, Christodoulides, Yiannis Kourtoglou, ” Mohammad Ali Shabani, Amwaj.media, ” Lina Khatib, ” Khatib, Biden Organizations: CNN, Lebanese, European Union, EU, United Nations, Lebanon’s, Cypriot, Israel, The, NATO, Israel Defense Forces, IDF, Reuters, Spanish, North Africa, Chatham House Locations: Cyprus, Israel, “ Cyprus, Iran, Lebanon, EU, Greece, Gaza, East, Europe, European, Delaware, Republic of Cyprus, Turkish, Turkish Republic of Northern Cyprus, Turkey, The Republic of Cyprus, Nicosia, Tel Aviv, Larnaca, ”, UAE, Russian, Syria, London, Haifa, “

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